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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (47902)	5/14/2012 8:50:11 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69821

RLE.V has to hold here or it will break a major support level. All oil services stock are in trouble. Even SDRL was not able to rally on building estimates and increasing it dividend. PSN.TO looks to be meeting resistance at a major volume by price level and looks to fill the gap at $12.50. It essentially need to break $14.01 on volume to get people interested. CFW.TO falling off a cliff with no support in sight. Same with PD. Same issues with PD.TO Amazingly GRH managed to hold it ground today. Still a bit of a story stock with some investors though the volume is ultra low. TSX breaking down has institutions exiting Canadian stocks which is essentailly mining and oil and gas related stocks. It looks ready for a dead cat bounce.